Asuransi Ramayana Tbk

JK:ASRM Indonesia Insurance - Property & Casualty
Market Cap
$22.78 Million
Rp370.62 Billion IDR
Market Cap Rank
#30517 Global
#558 in Indonesia
Share Price
Rp290.00
Change (1 day)
+0.69%
52-Week Range
Rp264.00 - Rp468.00
All Time High
Rp19956.92
Categories
Companies in Indonesia Insurance - Property & Casualty
About

PT Asuransi Ramayana Tbk operates as a general insurance company in Indonesia. It operates in two segments, General Insurance and Rental of Office Buildings. The company offers property, vehicle, personal accident, heavy equipment, health, ship frame, surety and customs bond, and money insurance products; land, sea, and air freight insurance products; and construction and erection all risk, contr… Read more

Asuransi Ramayana Tbk (ASRM) - Net Assets

Latest net assets as of September 2025: Rp531.48 Billion IDR

Based on the latest financial reports, Asuransi Ramayana Tbk (ASRM) has net assets worth Rp531.48 Billion IDR as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp1.77 Trillion) and total liabilities (Rp1.24 Trillion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets Rp531.48 Billion
% of Total Assets 29.96%
Annual Growth Rate 11.73%
5-Year Change 36.83%
10-Year Change 150.9%
Growth Volatility 8.92

Asuransi Ramayana Tbk - Net Assets Trend (2000–2024)

This chart illustrates how Asuransi Ramayana Tbk's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Asuransi Ramayana Tbk (2000–2024)

The table below shows the annual net assets of Asuransi Ramayana Tbk from 2000 to 2024.

Year Net Assets Change
2024-12-31 Rp688.49 Billion +1.48%
2023-12-31 Rp678.48 Billion +10.48%
2022-12-31 Rp614.12 Billion +11.85%
2021-12-31 Rp549.05 Billion +9.12%
2020-12-31 Rp503.18 Billion +13.51%
2019-12-31 Rp443.29 Billion +9.24%
2018-12-31 Rp405.79 Billion +13.89%
2017-12-31 Rp356.30 Billion +14.75%
2016-12-31 Rp310.49 Billion +13.15%
2015-12-31 Rp274.41 Billion +18.71%
2014-12-31 Rp231.16 Billion +26.16%
2013-12-31 Rp183.23 Billion +14.15%
2012-12-31 Rp160.51 Billion -4.81%
2011-12-31 Rp168.63 Billion +39.08%
2010-12-31 Rp121.25 Billion -4.40%
2009-12-31 Rp126.82 Billion +12.38%
2008-12-31 Rp112.85 Billion +10.83%
2007-12-31 Rp101.83 Billion +9.80%
2006-12-31 Rp92.74 Billion +10.74%
2005-12-31 Rp83.75 Billion +12.73%
2004-12-31 Rp74.29 Billion +10.26%
2003-12-31 Rp67.38 Billion +13.74%
2002-12-31 Rp59.24 Billion +1.11%
2001-12-31 Rp58.59 Billion +21.94%
2000-12-31 Rp48.05 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Asuransi Ramayana Tbk's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have decreased by 133.9% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Common Stock Rp152.14 Billion 22.10%
Other Comprehensive Income Rp541.87 Billion 78.71%
Other Components Rp1.71 Billion 0.25%
Total Equity Rp688.46 Billion 100.00%

Asuransi Ramayana Tbk Competitors by Market Cap

The table below lists competitors of Asuransi Ramayana Tbk ranked by their market capitalization.

Company Market Cap
Paid Inc
PINK:PAYD
 		$6.18 Million
Excelsior Capital Ltd
AU:ECL
 		$6.18 Million
Function International PCL
BK:FTI
 		$6.18 Million
Outback Goldfields Corp
OTCQB:OZBKF
 		$6.18 Million
Global Education Communities Corp.
OTCQX:GECSF
 		$6.17 Million
BIO-Key International Inc
NASDAQ:BKYI
 		$6.17 Million
NORTHROP GRUMMAN
MU:NTH
 		$6.17 Million
Charm Engine
KO:009310
 		$6.17 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Asuransi Ramayana Tbk's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 678,444,438,000 to 688,462,894,000, a change of 10,018,456,000 (1.5%).
  • Net income of 32,431,976,000 contributed positively to equity growth.
  • Dividend payments of 19,579,446,000 reduced retained earnings.
  • Other comprehensive income increased equity by 66,208,434,000.
  • Other factors decreased equity by 69,042,508,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income Rp32.43 Billion +4.71%
Dividends Paid Rp19.58 Billion -2.84%
Other Comprehensive Income Rp66.21 Billion +9.62%
Other Changes Rp-69.04 Billion -10.03%
Total Change Rp- 1.48%

Book Value vs Market Value Analysis

This analysis compares Asuransi Ramayana Tbk's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 0.51x
  • The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
  • The price-to-book ratio has decreased from 0.73x to 0.51x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2010-12-31 Rp398.42 Rp290.00 x
2011-12-31 Rp712.44 Rp290.00 x
2012-12-31 Rp527.45 Rp290.00 x
2013-12-31 Rp602.11 Rp290.00 x
2014-12-31 Rp759.62 Rp290.00 x
2015-12-31 Rp900.79 Rp290.00 x
2016-12-31 Rp1020.30 Rp290.00 x
2017-12-31 Rp1171.08 Rp290.00 x
2018-12-31 Rp1454.99 Rp290.00 x
2019-12-31 Rp1460.76 Rp290.00 x
2020-12-31 Rp1908.14 Rp290.00 x
2021-12-31 Rp1804.32 Rp290.00 x
2022-12-31 Rp2018.15 Rp290.00 x
2023-12-31 Rp2229.64 Rp290.00 x
2024-12-31 Rp565.64 Rp290.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Asuransi Ramayana Tbk utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 4.71%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 1.92%
  • • Asset Turnover: 0.96x
  • • Equity Multiplier: 2.54x
  • Recent ROE (4.71%) is below the historical average (17.37%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2000 13.12% 8.57% 0.64x 2.41x Rp1.50 Billion
2001 22.43% 13.56% 0.73x 2.27x Rp7.28 Billion
2002 12.45% 6.52% 0.85x 2.24x Rp1.45 Billion
2003 17.83% 9.79% 0.81x 2.24x Rp5.28 Billion
2004 21.81% 10.79% 0.78x 2.58x Rp8.77 Billion
2005 25.00% 11.25% 0.91x 2.44x Rp12.56 Billion
2006 16.68% 6.92% 0.96x 2.50x Rp6.19 Billion
2007 15.23% 6.83% 0.93x 2.40x Rp5.32 Billion
2008 15.58% 7.33% 0.76x 2.79x Rp6.29 Billion
2009 17.39% 8.76% 0.69x 2.87x Rp9.37 Billion
2010 20.11% 9.54% 0.35x 5.99x Rp12.26 Billion
2011 22.04% 12.29% 0.50x 3.61x Rp20.30 Billion
2012 20.34% 8.59% 0.35x 6.67x Rp16.59 Billion
2013 18.40% 8.26% 0.35x 6.37x Rp15.40 Billion
2014 25.23% 9.89% 0.43x 6.00x Rp35.21 Billion
2015 23.30% 9.02% 0.50x 5.19x Rp36.45 Billion
2016 20.42% 7.35% 0.60x 4.62x Rp32.34 Billion
2017 17.10% 7.20% 0.60x 3.98x Rp25.30 Billion
2018 18.88% 7.79% 0.66x 3.64x Rp36.01 Billion
2019 14.18% 4.92% 0.83x 3.49x Rp18.54 Billion
2020 13.03% 4.69% 0.92x 3.01x Rp15.23 Billion
2021 11.83% 3.91% 1.18x 2.57x Rp10.05 Billion
2022 14.08% 4.22% 1.26x 2.65x Rp25.08 Billion
2023 13.09% 4.31% 1.11x 2.73x Rp20.94 Billion
2024 4.71% 1.92% 0.96x 2.54x Rp-36.41 Billion

Industry Comparison

This section compares Asuransi Ramayana Tbk's net assets metrics with peer companies in the Insurance - Property & Casualty industry.

Industry Context

  • Industry: Insurance - Property & Casualty
  • Average net assets among peers: $213,426,276,900
  • Average return on equity (ROE) among peers: 0.17%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Asuransi Ramayana Tbk (ASRM) Rp531.48 Billion 13.12% 2.34x $6.17 Million
Asuransi Bina Dana Arta Tbk (ABDA) $75.97 Billion 0.00% 1.50x $289.97K
Asuransi Harta Aman Pratama Tbk PT (AHAP) $192.58 Billion -21.36% 0.74x $7.86 Million
Asuransi Multi Artha Guna Tbk PT (AMAG) $154.57 Billion 8.85% 0.87x $14.52 Million
Asuransi Jasa Tania Tbk (ASJT) $175.02 Billion 7.12% 0.08x $3.64 Million
Asuransi Kresna Mitra Tbk PT (ASMI) $530.29 Billion 1.77% 0.84x $6.84 Million
Victoria Insurance Tbk PT (VINS) $152.11 Billion 4.61% 0.33x $2.75 Million